LONDON / Reuters A blockade on production at Libya’s Sharara oil field, the country’s largest, was lifted after it shut down output for more than two weeks, a Libyan oil source said. A valve on a pipeline leading from the field that was closed during the shutdown has reopened, though it was not clear how quickly production would resume at …

Bloomberg Europe’s biggest energy companies have a message for the aging UK North Sea oil industry: We may be selling assets, but that doesn’t mean we’re heading for the exit. The North Sea will always be “one of the great basins,” said BP Chief Executive Officer Bob Dudley. Royal Dutch Shell Plc will keep investing in a place where it …

SINGAPORE / Reuters Several bookings for oil product tankers from Asia to the United States and Latin America have been cancelled as traders have not been able to find spot supplies to fill them and as demand has tapered off slightly, traders and shipbrokers said on Wednesday. About one-third of the estimated 25 vessels that were provisionally booked to load …